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Price Will Tell - Supply/Demand Price Action Trading 1,854 replies

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Attachments: ReadtheMarket - Supply and Demand with Price Action
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ReadtheMarket - Supply and Demand with Price Action

Quoting beefStew
{quote} another example. missed the trade because i waited at the red origin, but it turned inside the yellow FL, which is the symmetry for the green FL {image}
Beautiful symmetry isn't it?
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Quoting dami.gading
{quote} Beautiful symmetry isn't it? {image}
I watched the same setup but my symmetry was different than yours. It almost reached my entry level and no LTF PA anyway so i missed it.

I guess you put your order where it is because of the QM inside the gray zone you marked? And the SL i agree it should be under your red rectangle. i think it could also have been under my red rectangle if there was an LTF PA?

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Also another one from EJ but it happened right at market open at mid night. I would have waited for the middle red FL to be FOed, but it didnt, also there was no confirmation on LTF so i would have missed this one too.

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I miss a ton of them and still trying to figure how to reduce it. Because your way of marking is very similar to mine (at least on the GU), i want to learn more from you so i dont miss too many setups anymore.
Ask, and it is given. Every single time, no exceptions.
I realize, many of us now just know how to trade QM.
Man, I am just a slow learner.
Quoting nizent
I realize, many of us now just know how to trade QM. Man, I am just a slow learner.
Slow or fast, does it matter though, as long as you are a learner. Im slow too but better than doing nothing at all, i guess?
Ask, and it is given. Every single time, no exceptions.
Quoting beefStew
{quote} I watched the same setup but my symmetry was different than yours. It almost reached my entry level and no LTF PA anyway so i missed it. I guess you put your order where it is because of the QM inside the gray zone you marked? And the SL i agree it should be under your red rectangle. i think it could also have been under my red rectangle if there was an LTF PA? {image} Also another one from EJ but it happened right at market open at mid night. I would have waited for the middle red FL to be FOed, but it didnt, also there was...
FO Symmetry (Upper FO as approach and potential under FO)
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Quoting beefStew
{quote} I watched the same setup but my symmetry was different than yours. It almost reached my entry level and no LTF PA anyway so i missed it. I guess you put your order where it is because of the QM inside the gray zone you marked? And the SL i agree it should be under your red rectangle. i think it could also have been under my red rectangle if there was an LTF PA? {image} Also another one from EJ but it happened right at market open at mid night. I would have waited for the middle red FL to be FOed, but it didnt, also there was...
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Quoting dami.gading
{quote} {image}
I waited at that MPL. But i waited for 1 more confirmation (i dont know if i should have touch traded that or not).

Did you take this one?
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Ask, and it is given. Every single time, no exceptions.
Quoting dami.gading
{quote} FO Symmetry (Upper FO as approach and potential under FO) {image}
So the upper FO was the signal for you to touchtrade?
The first time i ever heard an upper and under FO though.
Ask, and it is given. Every single time, no exceptions.
Quoting beefStew
{quote} I waited at that MPL. But i waited for 1 more confirmation (i dont know if i should have touch traded that or not). Did you take this one? {image}
No i didn't take it because i didn't see this pair, if i saw it i definetly will take it
Quoting bobyv87
TT(touch-trades) can create a lot of confusion. If you have a monthly LS/FL to touch from, you wouldn't TT the monthly chart. In fact, you shouldn't expect more than a simple bounce at each of these levels unless they are some sort of MPLs. What you should expect is, on the monthly chart to touch some H4 or even h1 levels, and your first target will be at your first h4/h1 level. Should you take your first target here? It depends. If the price goes quickly through your h1 target you should let it run until the PA goes against you. If price just bounces...


bobyv87 check again your PM, and let me know please
Quoting beefStew
{quote} I waited at that MPL. But i waited for 1 more confirmation (i dont know if i should have touch traded that or not). Did you take this one? {image}
Hi beefstew, don't know if this helps but this I think is what happened. We engulfed the yellow ftr up so we look for a retrace back to where decision was made, which is the kink of a FL or FTR. Now in this case price bounced from the white kink box, but sometimes we may get a small fake out below that box before price goes up. In this case it didn't. The point here is that the white box is where we should ideally look for a trade. And if you miss the entry there is another chance at the green box. My thoughts.
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No Bias
Quoting imoveit
{quote} Hi beefstew, don't know if this helps but this I think is what happened. We engulfed the yellow ftr up so we look for a retrace back to where decision was made, which is the kink of a FL or FTR. Now in this case price bounced from the white kink box, but sometimes we may get a small fake out below that box before price goes up. In this case it didn't. The point here is that the white box is where we should ideally look for a trade. And if you miss the entry there is another chance at the green box. My thoughts. {image}
Thanks mate,
Your chart definitely helped. That makes a lot more questions though.
There usually is a few fresh DPs inside the interest zone, and in cases like this you wouldnt get filled waiting for confirmation.
How do i figure out which one to be touch traded. Also like you said the white kink box could be FOed so the only way is to wait for confirmation.
I can of course shrug these kind of setups as missed and wait for other ones which actually give confirmation
Ask, and it is given. Every single time, no exceptions.
Quoting beefStew
{quote} Thanks mate, Your chart definitely helped. That makes a lot more questions though. There usually is a few fresh DPs inside the interest zone, and in cases like this you wouldnt get filled waiting for confirmation. How do i figure out which one to be touch traded. Also like you said the white kink box could be FOed so the only way is to wait for confirmation. I can of course shrug these kind of setups as missed and wait for other ones which actually give confirmation
That is usually the challenge. From my observation, every engulf has a DP, and price usually want to go back to the DP after the engulf. Now when we have a FTR/FL that has been engulfed we would wait for retracement to its clear DP. But we need also check the penultimate FL/FTR that was engulfed to see if price retraced back to its DP before moving on. If the answer is no, and these two DPs are close, then we can expect price to FO beyond our DP of interest to the previous DP. That is my observation. It is in no way the gold standard. In this example we see that once each ftr was broken price retraced back to the DP (allowing those ITs caught on the wrong end of the trade to exit at almost BE. So when price came back for the white DP, there was no incentive for price to FO beyond it
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No Bias
last week 2 winning trades- 1 miserably failed, Shit happens. that's good otherwise who will follow MM. RR will save us
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One Video and one book changed my trading life

Want to share for newbies.
Inserted Video


Book
Trading in the zone- Mark Douglas

Sorry to clutter your thread guys.
Quoting imoveit
{quote} But we need also check the penultimate FL/FTR that was engulfed to see if price retraced back to its DP before moving on. If the answer is no, and these two DPs are close, then we can expect price to FO beyond our DP of interest to the previous DP. {image}
mate, this one did it for me!
i got the mini aha moment again thanks to your remark right there.

im sure i have heard that concept quite a few times but it just didnt get into my brain before.
gonna check my previous setups to test it myself. thank you very much, i really really appreciate it!
Ask, and it is given. Every single time, no exceptions.
Attachment 3872603XAUUSD update from my point of view...These are some flag limits i've spotted from 1h and 30 minutes tfs. The price make and FTB to the upper fl, then engulfed the middle fl and then rebounce to the upper fl. I expect the price to hit 1780 level. I'm new to price action strategy so any comment will be very helpful
Quoting Fxyogi
last week 2 winning trades- 1 miserably failed, Shit happens. that's good otherwise who will follow MM. RR will save us {image}{image}{image}{image}
Nice post Fxyogi, thank you for sharing this!

What do you think about this setup in EURUSD? I was waiting for price to FO higher.
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Quoting Fxyogi
last week 2 winning trades- 1 miserably failed, Shit happens. that's good otherwise who will follow MM. RR will save us {image}{image}{image}{image}
keep update here brothers, im always waiting and wathing your chart.

i dont know why your settup on CHFJPY happen to me too.

-5

i think SL must be upper FL

CMIIW
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"Always another day to Trade"
Quoting beefStew
{quote} Slow or fast, does it matter though, as long as you are a learner. Im slow too but better than doing nothing at all, i guess?
It is really about my feeling.
When I got serious into trading with naked chart.
Then I have a friend who able to double his account in less than 10 trading days. With indicator thing.
Makes me down mentally.

Hey, I got something to say. (May be just for my own sake)
Guess what touch trading is hard to achieve. (To the very pip sake)
But if you just want to predict with bigger drawdown still then it is easier.
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